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CAIT demands ban on Amazon s e-commerce operations in India
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Last Updated: Feb 18, 2021, 09:24 PM IST
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Traders body CAIT on Thursday urged the government to impose a ban on Amazon s e-commerce portal and its operations in India, accusing the global e-tailing giant of indulging in predatory pricing, deep discounting and inventory control.
Reuters
Traders body CAIT on Thursday urged the government to impose a ban on Amazon s e-commerce portal and its operations in India, accusing the global e-tailing giant of indulging in predatory pricing, deep discounting and inventory control.
Addressing a press conference, CAIT Secretary-General Praveen Khandelwal demanded an immediate ban on Amazon s portal and its operations in India and an investigation against the company in a time-bound manner. He also urged the government to probe the business practices of Amazon and Flipkart. However, responding to the allegations, both Amazon and Flipkart said they remain
CAIT demands ban on Amazon s e-commerce operations in India newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
Amitabh Bachchan, wife Jaya, son Abhishek, daughter-in-law Aishwarya and Devgn were served notices under Section 37 of the Foreign Exchange Management Act (Fema) which allows ED to obtain preliminary information before investigation.
February 12, 2021
No probe initiated on Flipkart-Aditya Birla Fashion deal
The Competition Commission of India is looking into complaints received from the Confederation of All India Traders, alleging biased practices by banks in providing cashbacks and discounts for purchases on e-commerce websites such as Amazon and Flipkart, Minister of State for Commerce and Industry Som Parkash said in a written reply in the Rajya Sabha on Friday.
The Minister also said that no investigation has been initiated by RBI or the Enforcement Directorate (ED) on the allegation of violation of Foreign Direct Investment (FDI) policy and FEMA in the deal between Flipkart and Aditya Birla Fashion and Retail.